A recent proposed changed in pension reporting is that:
a. a net pension liability is reported in an employer's government-wide financial statements
b. the actuarial accrued liability is reported in an employer's government-wide statement of net position
c. governments no longer have the option of reporting or not reporting the net pension liability in an employer's government-wide statement of net position
d. changes in the net pension liability are reported as an expense in an employer's government-wide statement of activities
Question 2
The matching principle offers the best measure of net income.
a. True
b. False
Indicate whether the statement is true or false
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